It's unclear if merger deregulation will jumpstart consolidation among larger media companies. In the last five years, every large media merger has led to tens of billions in lost value for shareholders. Even if big deals haven't worked, it's only fair to judge them against what would have happened had...

Warner Bros. Discovery is counting on deregulation to unlock media deals — if there's even appetite

Reuters

(Reuters) -Billionaire Barry Diller signaled his digital-media conglomerate IAC was no longer in the race to buy Paramount Global, CNBC reported on Friday. Diller in an interview with CNBC said it is "hard to predict, but think it's over for us".

Barry Diller says Paramount pursuit 'might be over' for IAC, CNBC reports

New York Post

A Paramount Global investor has sued to block its merger with Skydance Media, saying the deal would cost its shareholders $1.65 billion, according to a lawsuit filed in Delaware’s Chancery Court on Wednesday.

David Ellison’s Skydance Media bagged a deal to acquire Paramount early in July, ending months of discussion and speculation about the future of one of Hollywood’s oldest studios.

The lawsuit, filed by Scott Baker, claims the merger’s primary purpose is to cash out media mogul Shari Redstone’s investment in Paramount at a substantial premium, while other stockholders will receive a significantly lower payout.

‘Sleep No More’ faces eviction after lawsuit claims production company owes $4.5M in back...

Paramount shareholder sues to block Shari Redstone’s $1.65B deal with Skydance

Fortune

A new Pershing Square hedge fund marketed to Americans wants you to ignore everything its billionaire Wall Street investment manager just told his firm’s co-owners.

Bill Ackman’s own hedge fund is asking investors to ignore what he says

Singapore investors just offered to become shareholders in a Japanese company. The company, 3D Investment Partners, has already been readying to work with Tohokushinsha Film Corporation. Before this current offer, 3D Investment Partners had a share in the company of about 18% each share was valued at around 600 yen.

Shareholder Offer From 3D Investment Partners Sent To Tohokushinsha Film Corporation

Blanco, TX

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Brigid Pfeifer

There were a number of celebrities who passed away within the past week, including two notable actresses: Shelley Duvall and Shannen Doherty. Shelley Duvall passed away on Thursday July 11th at her home in Blanco, Texas. The cause of death was complications from diabetes and news of her death was confirmed by her partner Dan Gilroy.

Two Beloved Hollywood Actresses Have Passed Away This Week

Lancaster County, PA

NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

Virginia State

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Cheryl E Preston

Wendy's birthday was spent away from her loved ones. Virginia Wendy Williams fans, the latest update is not encouraging. The former talk show host turned 60 on July 18 without any of her loved ones around. According to Yahoo, family members remain "out of bounds" and have no access to Wendy as she battles dementia and progressive aphasia.

The family of talk show diva Wendy Williams were unable to celebrate her 60th birthday by her side

San Francisco, CA

Laurene Powell Jobs, the billionaire widow of Apple visionary Steve Jobs, has set a new residential sale record for the city of San Francisco. 

Powell, 60, purchased a home in the Pacific Heights neighborhood for a cool $70 million, individuals with knowledge of the sale told the Wall Street Journal.  

The property wasn’t publicly listed for sale, but the sellers — Sloan Lindemann Barnett, the daughter of billionaire George L. Lindemann and Roger Barnett, chief executive of Shaklee, a health-supplement maker — initially wanted more than $100 million for it, sources told the Journal. It is sandwiched between homes owned by billionaire...

This billionaire just bought the most expensive home in San Francisco

New York City, NY

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Rite Aid is making headlines again, but unfortunately, not for the best reasons. The essential pharmacy chain is closing a staggering 400 stores, a major uptick from the 143 closures initially planned when it filed for Chapter 11 bankruptcy last October.

A large retail chain is shutting down hundreds stores after going through Chapter 11 bankruptcy

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

ITPro

The UK is now the largest market in Europe, accounting for more than a third of investment across the continent, according to the British Business Bank

The UK tech sector is now the third largest destination for global VC investment – here's why

The market made a huge leap today after the latest inflation gauge has all but guaranteed an interest rate cut from the Fed in September, but a handful of AI names are sitting on the sidelines. That’s a warning. Namely, shares of the biggest AI name NVIDIA (NVDA), whose...

Three Stocks: NVIDIA, 3M, and Bristol-Myers Squibb

Ronkonkoma, NY

The New York Post reveals that two men who died in a plane crash at MacArthur Airport were from Virginia. The men had been visiting friends in Long Island and were returning home when the tragedy occurred.

Life partners from Virginia have been identified as the victims of a New York plane crash

The SAG-AFTRA labor union is calling for a strike of video game performers in Hollywood against video game companies over failed negotiations related to AI and pay concerns. The performers in question include video game voice actors and motion-capture performers. The strike, if it continues, will bring about the latest work stoppage in Hollywood. The labor union has called a strike of the Interactive Media Agreement.

SAG-AFTRA Calls for Strike Against Video Game Companies Over AI, Salary Concerns

The National Multifamily Housing Council’s Market Tightness Index came in at 47 in the third quarter of 2024, up from 41 points in April and 23 in January, indicating higher vacancy rates and lower rent growth, according to the NMHC’s latest quarterly survey of apartment market sentiment, released on July 22.

Market tightness hits 2-year high

Wyoming State

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WyoFile

The Wyoming Democratic Party is calling on U.S. Rep. Harriet Hageman to apologize for calling Vice President Kamala Harris a diversity, equity and inclusion hire. “It took only three days for Harriet Hageman to disgrace herself on national television by launching a reprehensible and racist attack on Vice President Kamala Harris,” the WDP wrote in a statement .

Wyoming Dems demand Hageman apologize for calling Harris a ‘DEI hire’

PYMNTS

As many consumers look for ways to ease their doomsday anxieties, Costco is positioning itself as the go-to retailer for consumers who are worried about worst-case scenarios. The warehouse club retailer is selling a discounted Emergency Preparedness Food Bucket promising 150 just-add-water food and beverage servings spanning 80 entrees and sides, 30 breakfasts and 40 beverages, all with a 25-year shelf life.

Doomsday Ready: Costco Aims to Be the Go-To Retailer for Preppers

Opportunities to invest abound when you have a long-term mindset. A majority of online brokers have done away with commission fees on common stock trades and minimum deposit requirements. Three nominally cheap stocks have the tools and intangibles needed to make their patient shareholders richer. A small amount of money...

3 No-Brainer Stocks to Buy With $20 Right Now

NewsBreak

Paramount Global Investor Sues to Block Skydance Media Merger

A Paramount Global investor has filed a lawsuit to halt the media giant’s impending merger with Skydance Media, alleging the deal would inflict a $1.65 billion...

Paramount Global Investor Sues to Block Skydance Media Merger

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